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WELCOME BACK

WELCOME BACK. Agenda. Administrative Homework Club Today Cancelled! Moved to Wednesday March 21 st @ 11:30 This room Class News Article Review Concepts Practice Practice Practice …. Presentations!!!!. Trivia. Lets start easy… 24 H in a D. Trivia. 90 D in an RA. News Article.

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WELCOME BACK

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  1. WELCOME BACK

  2. Agenda Administrative • Homework Club • Today Cancelled! • Moved to Wednesday March 21st @ 11:30 • This room Class • News Article • Review Concepts • Practice PracticePractice….Presentations!!!!

  3. Trivia Lets start easy… 24 H in a D

  4. Trivia 90 D in an RA

  5. News Article Why I am Leaving Goldman Sachs http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1

  6. Review – Chapter 8 Worksheet & Financial Statements

  7. 2. Journalize (General Journal) 3. Post (General Ledger) 1. Analyze transactions based on source documents 4. Prepare unadjusted trial balance Accounting Cycle 9. Prepare post-closing trial balance 5.Adjust 6. Prepare adjusted trial balance 7. Prepare financial statements 8. Close

  8. Chapter 8 • The Worksheet • Analyzing the Income Statement • Analyzing the Balance Sheet • Accountability

  9. 1. The Worksheet • What’s the purpose of the worksheet? • What are our two control accounts? Why do we have them? • Accounts Payable • Accounts Receivable • Is drawings an Balance Sheet or Income Statement Account? Why? • NOTE: Only the last row needs to BALANCE!

  10. 2. Analyzing the I/S Group 1 – Exercise 1, A-D (pg, 266) Group 2 – Exercise 2, 3 (pg. 266) Group 3 – Exercise 6 (pg. 266)

  11. 3. Analyzing the B/S Group 4- Exercise 1 A-F (pg 276) Group 5 – Exercise 4 A-C (pg 278) Group 6 – Exercise 5 A-B (pg 278) Group 7 – Exercise 6 A-B (pg 279)

  12. The Plan • 4 people per group • 20 Minutes to Finish your question • Group Presentations • Grab chart paper & marker

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